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Stock Market & Financial Investment News

News Breaks
January 28, 2014
05:39 EDTCHKPCheck Point expands share repurchase program by $1B
Check Point Software announced that its board has authorized an extension and expansion to the company's on-going share repurchase program. Under the updated plan, effective immediately, Check Point is authorized to repurchase up to $200M of its outstanding shares each quarter up to an aggregate of $1B. The new plan replaces the previous repurchase plan adopted in July 2012, which provided for the repurchase of shares for $1B over a period of two years.
News For CHKP From The Last 14 Days
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September 2, 2015
15:12 EDTCHKPCheck Point management to meet with UBS
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September 1, 2015
16:10 EDTCHKPCheck Point to separate CEO and Chairman positions
Check Point Software Technologies announced its decision to separate the position of Chairman and CEO and to appoint Marius Nacht as non-executive Chairman of the Board. Nacht, one of Check Point's founders, has served as Vice Chairman of the Board of Directors since 2001 and as a director of Check Point since its incorporation in 1993. From 1999 through 2005, Nacht held Senior Vice President positions at Check Point.
10:59 EDTCHKPCyberArk bucks downward market trend after Piper upgrade
The shares of Israeli cybersecurity company CyberArk (CYBR) are flat despite the large decline in the broader market after research firm Piper Jaffray upgraded the stock to Buy from Hold. The stock's decline has created an attractive entry point, as companies are becoming more interested in the type of products CyberArk offers, Piper analyst Andrew Nowinski contended. WHAT'S NEW: After conducting extensive checks, Nowinski believes that companies are becoming more interested in Privileged Account Management, the area in which CyberArk specializes. Enterprises are focusing on this area more intently because they realize they need to spend more on protecting their most critical assets within firewalls, the analyst stated. As a result of this trend, CyberArk's market share gains could accelerate, Nowinski believes. Moreover, the company is one of the few cybersecurity companies capable of generating 40%+ revenue growth and 20%+ operating margins, the analyst stated. Additionally, the company's 2016 free cash flow should come in nearly triple analysts' consensus 2016 estimate, said Nowinski, who set a $70 price target and Overweight rating on the shares. OTHERS TO WATCH: Other publicly traded IT security companies include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In morning trading, CyberArk was little changed at $51 per share.
10:56 EDTCHKPRBC Capital to hold a bus tour
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August 31, 2015
08:31 EDTCHKPAcronis and Check Point announces partnership
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August 24, 2015
14:21 EDTCHKPJMP Securities says pullback in Palo Alto a buying opportunity
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